Crescenda announces
the sale of active therapeutics institute

Founded in 2004, ATI has grown to become one of the largest and highest regarded neck and back treatment clinics in the Twin Cities. "Active Therapeutics is a very customer-focused clinic that understands the importance of the patient/provider relationship. Adding it to Odom Health & Wellness’s portfolio will enhance our state-of-the-art outpatient sports medicine and functional wellness company," said John Odom, M.D., owner and President of Odom Health & Wellness. "ATI’s treatment protocols employ the industry’s gold standard of medical-grade technology and they complement our philosophy of providing specialized, effective care to patients managing chronic pain and injury rehabilitation."

"As everyone knows, healthcare in this country is going through major changes and it is becoming more difficult to remain independent”, adds Dr. Odom. “This acquisition allows us to expand our treatment options, providing us a more comprehensive offering to a referral base of physicians wanting to optimize their patients’ outcomes and quality of life."

Odom Health & Wellness utilizes a multi-disciplinary approach to maximize results for sports medicine, functional medicine, rehabilitation, nutrition, fitness and other areas that lead to an active, healthy and fulfilling life. Striving to remain at the forefront of integrative medicine, Odom Health & Wellness provides progressive treatments such as platelet rich plasma injection, prolotherapy, massage, Graston Technique and other therapies.

"We received several offers but are very pleased to have found the right buyer to continue offering the quality of neck and back rehabilitation and conditioning our patients have come to expect," said Howie Milstein, owner/partner in ATI. His partner, Dr. Michael Sudit, added, "Active Therapeutics was built on a reputation of quality care and positive outcomes and Dr. Odom and his excellent staff will continue that legacy."

Odom Health & Wellness is a state-of-the-art health and wellness clinic and is based in Minnetonka, Minnesota.

Crescenda announces
the sale of beyond beauty aesthetic clinic

Beyond Beauty Aesthetic Clinic is a skin care medspa offering a comprehensive range of face and body treatments in a sophisticated, yet warm and tranquil setting from experienced nurses and licensed estheticians. Founded in 2013, Beyond Beauty quickly established itself as one of the most successful skin clinics in the Twin Cities. Starting with no clients, they now have served over 600 new clients and are projecting even greater growth with the added resources and capabilities of Contour Clinic.

"We are very proud of the business we have built," commented owner April Thomes. "We thrive on building compassionate and caring relationships with our clients. It is extremely important to us to not only improve skin concerns, but enhance their self image and confidence. That to us is a SUCCESSFUL business." April's partner, Junelle Grindberg added, "As we considered selling, we looked for a buyer with a great reputation, that not only will maintain our standard of excellence and core values but also had the resources to expand and broaden our lasers and other new skin care treatments."

Dr. David Christianson agrees. "Beyond Beauty is a highly customer-focused clinic that fits our strategic growth initiative. This acquisition will continue to expand our capabilities as we look for additional ways to service our clients," commented Dave Christianson, MD, owner and President of Contour Clinic, LLC. "Our acquisition strategy is to develop a complementary set of clinics to increase our buying power and broaden our reach and service offering. Beyond Beauty was an excellent acquisition for us.”

About Contour Clinic

Contour Clinic was established by David Christianson, MD, a graduate of Northwestern University School of Medicine. His initial training was in Internal Medicine, and since 2005, Dr. Dave has been dedicated to the art and science of aesthetic enhancement with Botox, Juvederm, Voluma, Sculptra, PRP, CoolSculpting, Exillis and other filler treatments.
Overseen by this esteemed doctor, Contour Clinic offers what other medspa cosmetic centers cannot—a focused approach to nonsurgical techniques that helps patients restore their youth, add glow to their skin, or find an overall fresh appearance. With the most effective skin care the Twin Cities has to offer, Contour helps countless people look their best.
Contour Clinic operates six medical spas and injection suites in Minnesota, Wisconsin and North Dakota and is in the top 1% of Botox providers in the nation. They have have acquired the coveted Black Diamond status with Allergan.

About Crescenda, LLC

Crescenda Merger & Acquisition Advisors is an M & A intermediary and investment banking advisory firm specializing in representing privately held businesses in the sale of their companies.

Crescenda announces
the sale of Cady Cheese Factory

Minneapolis, Minnesota – Crescenda Investment Banking Advisors announced that its client, Cady Cheese Factory, Inc. has been acquired by Burnett Dairy Cooperative. The deal closed on November 15.
Cady is a specialty cheese manufacturing, distribution and retail marketing company located in Wilson, WI, which began as a small farmers’ co-op around the year 1908. Dale and Wendy Marcott bought the company in 1978 and built it into one of the most innovative, technologically advanced and automated cheese plants in the country. Cady produces over 50,000 pounds of different varieties of longhorn cheeses each day and does over $30 million in annual sales.

"We've had a good run," commented Dale Marcott. "My wife Wendy and I are very proud of what we have built over the past 34 years and the quality of the cheeses we manufacture. As we considered retirement, we were looking for a buyer known for their quality that will not only maintain our standard of excellence but has the resources to expand production and product variety. Burnett is a perfect match."

“This strategic acquisition will allow our farmer-owned cooperative to promote our dairy farmers and our world-class cheese products, on a branded platform in key retail, grocery and deli operations, nationwide,” said Dan Dowling, CEO of Burnett Dairy Cooperative. “Currently, a majority of our award-winning products are promoted in the premium food service industry with very little emphasis and focus on the retail segment. This acquisition will provide us the necessary tools to develop and execute an immediate focus in these retail markets while maintaining our dedication to our customers in the food-service industry."

In addition to balancing their go-to-market strategy for food service and the newly added retail markets, Burnett will be able to better balance their milk markets in volatile trading environments and add significant manufacturing capacity for quality cheese and whey products. It will also allow Burnett Dairy to complement its existing product portfolio of award-winning Italian cheese (Mozzarella and Provolone) and premium artisan cheddar products with the award -winning lineup of the Cady Cheese Factory’s specialty cheddar products with specific emphasis on deli-horn Colby.

About Burnett Dairy Cooperative
Burnett Dairy Cooperative is a farmer-owned cooperative established in 1896 and today employs over 250 people with $135 million in annual sales. Burnett Dairy Cooperative is a uniquely diversified company with two vertically integrated divisions; the foods division and the Ag-Services division.

The foods division produces world-class, award-winning cheese products for both retail and food service companies. The Ag-Services division manufactures and markets feed and nutrition products for dairy cows, crop inputs, and energy services which include refined fuels and propane. Both divisions serve their member-owners with unique products, services and markets for their locally produced milk and grain products.

About Crescenda, LLC
Crescenda is a mergers and acquisitions intermediary and investment banking advisory firm specializing in representing privately held businesses in the sale of their companies.

Crescenda announces
the sale of Cartier Limited

Minneapolis, Minnesota, September 9, 2015 – Crescenda Merger & Acquisition Advisors announced that its client, Cartier Limited d/b/a Cartier Lighting and Home was acquired by Robinson Lighting, Ltd., Winnipeg, Manitoba. The deal closed in late August.

Founded in 1995, Cartier has grown to become one of the most respected lighting retailers in the upper Midwest. Providing ceiling lights, lamps, wall lights, outdoor lighting, fans and home accents, all on display in a beautiful, state-of-the-art showroom, Cartier offers a full range of lighting and home decorating services

"Cartier Lighting is a highly customer-focused company that fits our strategic growth initiative and continue to expand our capabilities as we look for additional ways to service our clients," commented Brett Robinson, owner and President of Robinson Lighting. "Our acquisition strategy is to develop a complementary set of stores to increase our buying power and broaden our service and product offering with additional lighting fixture lines and home furnishings. Cartier was an excellent acquisition for us.”
Ward Martin, General Manager of Robinson added, "Cartier Lighting has diversified well beyond traditional lighting to provide customers home decorating and accents including mirrors, clocks, book ends, vases and other accent furniture. We expect significant synergies and an expanded product line will be created between our two companies.”

Tom Cartier, owner and President of Cartier commented, "Partnering with Robinson will bring Cartier additional capabilities and resources that will allow us to service our customers even better while remaining independent. We look forward to working with Robinson to create new opportunities for our customers and employees."
Cartier added, “We had considered selling to other companies, but I believe the partnership with Robinson is a great fit that will allow us to continue to build Cartier by providing the support and financial resources to grow much faster than we could on our own”

About Robinson

Robinson Lighting has been perfecting the art of light for over 75 years, and now in our 5th generation of the Robinson Family. Thomas Robinson, our pioneer, ﬁrst generation family member started the venture into the lighting industry as a chandler (candle maker) in Montreal, Quebec around 1850. His son, William Wadby Robinson moved to Winnipeg, Manitoba and in 1919 established a successful lighting agency business which is recognized as the ﬁrst dealer of pre-wired lighting ﬁxtures in Western Canada.

In 1936 B. A. Robinson Co. Ltd. was founded by Burt A. Robinson, the third generation Robinson to supply lighting and electrical products to Canadian commercial and residential customers. With B.A. at the helm for close to 40 years the business became synonymous with service, quality and value.

In 1973, the company was acquired by Burt's two sons, Ross and Bruce Robinson. Expansion brought new branches that were opened across Western Canada.

Fast forward to 1998, with Bruce Robinson as President, Robinson Lighting became its own free standing entity. The torch has now passed to a fifth generation of Robinson's to follow in the footsteps of their father, Brett Robinson is now the President of Robinson Lighting and his sister Leigh Robinson is Vice President.

165 years later this heritage is what drives us to deliver the best shopping experience for our customers and our effort to be an industry leading employer to our staff and active community partner. The company has become one of Western Canada's largest showroom-based distributors of lighting products and is known as a leader in lighting education and industry advocate.

Style ∙ Selection ∙ Service

Our reputation as Canada's leading lighting retailer comes from our commitment to providing our customers the most illuminating in store experience. We offer the largest selection of Home Lighting fixtures in Canada, our showrooms in Kelowna and Winnipeg offer state of the art Recessed and Under Cabinet Lighting theatres. We carry a huge selection of kitchen, bathroom and living room lighting in styles and prices for every taste and budget. Robinson Lighting employees are known for technical knowledge, listening, problem solving and customer service skills. Most of our sales staff are Certified American Lighting Association Lighting Specialists.

Environmental Commitment

Our commitment to the environment is leading the way for others as we seek to offer the most advanced energy efficient solutions available. The rules for designing with light are being rewritten as new technology offers the designer new opportunities. We don't compromise on quality; ensuring the latest technology trends are stable, reliable and offer the greatest lighting efficiencies before we show you it. Because our staff our trained and knowledgeable on the opportunities and challenges that new technologies and government green energy initiatives present; we can offer you specialized advice on the most efficient, cost effective ways to light your home or business.

Crescenda announces
the sale of DigiGraphics, Inc.

Minneapolis, Minnesota – Crescenda Investment Banking Advisors announced that its client, DigiGraphics, Inc. was acquired by Imagine Print Solutions, Inc. The deal closed last week.
Founded in 1979, DigiGraphics has grown to become one of the highest quality large format digital print providers in the Midwest. Providing large format graphics, museum display graphics, and environmental signage in a custom built, state-of-the-art facility, DigiGraphics offers a full range of digital inkjet and photographic print and fulfillment services. DigiGraphics also offers customers direct to fabric printing capabilities, custom framing and large format fine art printing and scanning.

"DigiGraphics is a highly customer-focused company that will enhance our print-on-demand initiative and continue to expand our capabilities as we look for additional ways to service our clients efficiently," commented Bob Lothenbach, owner and President of Imagine Print Solutions. "Our acquisition strategy is to develop a complementary set of companies to solve our customers’ design, print and distribution requirements. DigiGraphics is an excellent first acquisition for us.”
Craig Mandery, Vice President of Imagine added, "DigiGraphics has diversified itself well beyond photo reproduction and traditional ink on paper printing to provide an end-to-end solution, including consultation, output, mounting options, display hardware and installation. We expect significant synergies will be created between our two companies.”

Bob Remakel, owner and President of DigiGraphics commented, "Partnering with Imagine Print Solutions will bring DigiGraphics additional capabilities and resources that will allow DigiGraphics to expand our service offerings to our customers while remaining independent. We look forward to working with Imagine! to create new opportunities for our customers and employees."
Remakel added, “We had been approached by other companies, but I believe the partnership with Imagine will allow us to continue to build DigiGraphics by providing the support and financial resources to grow much faster than we would be capable on our own”
Imagine Print Solutions, Inc., headquartered in Minneapolis, Minnesota, has sales of $157 million and is North America's leading independent large format and commercial printing company. With over 600,000 square feet of production space under one roof and a growing network of affiliate companies Imagine offers unsurpassed capabilities, and the highest level of technology, efficiency and service. With our national sales force in virtually every region of the country they are able to provide service and consultation at a moment’s notice.

www.imagineps.comwww.digidigi.comAbout Crescenda, LLC
Crescenda is a mergers and acquisitions intermediary and investment banking advisory firm specializing in representing privately held businesses in the sale of their companies.

Crescenda announces
the sale of Immedia, Inc.

Minneapolis, Minnesota – Crescenda Investment Banking Advisors announced that its client, Immedia, Inc. has been acquired by Liberty Diversified International.
GML was founded in 1958. Since that time, through a combination of organic growth and select acquisitions, the company has grown to serve the two distinctive and separate markets of retail in-store displays and graphics and also medical consumable components. In 2003, GML (now known as Innovize) created Immedia, a separate company for the retail business to focus entirely on in-store displays and graphics. Immedia was a wholly-owned subsidiary of The Integris Group, did over $38 million in 2010 and had 191 employees.
According to Integris CEO, John Ledy, “the sale of Immedia provides certain Ledy family members an opportunity to plan their retirement and will allow me to concentrate on growing our core business at Innovize.”
Liberty Diversified International has over 1,400 employees and is comprised of nine companies competing in five markets, and is one of the largest privately held companies in the Midwest. “By purchasing Immedia, we are expanding our presence in the point-of-sale display market, gaining access to state-of-the-art design and production facilities, and adding knowledgeable, innovative and creative employees to the LDI family,” said Mike Fiterman, LDI President and CEO.
The sale was handled by Crescenda Investment Banking Advisors (Crescenda, LLC).www.immediaretail.comwww.libertydiversified.com

Crescenda announces
the sale of Lakehead Sign

Minneapolis, Minnesota – Crescenda Investment Banking Advisors announced that its client, Lakehead Sign Company of Duluth, MN has been acquired by Advanced Design Awnings & Signs.

Lakehead Sign Company was founded in 1970 specializing in neon signage. Over the past four decades, Lakehead has grown as a result of repeat business and excellent referrals from accounts in need of installation service including Target Corporation, Holiday Inn, University of Minnesota – Duluth and many others.

According to Lakehead CEO, Jeff Tyllia, “the sale of Lakehead provides me an opportunity to focus on my responsibilities as Executive Vice President of Hunt Electric Corporation where I am in charge of business development.” He added, "I also feel that Advanced Design is better positioned to grow Lakehead and develop the company I always envisioned."

Advanced Design Awnings & Signs is a leader in the design, fabrication, and installation of fabric, vinyl, illuminated, and metal awnings and canopies. Located in Cloquet, Minnesota, they also specialize in manufacturing Channel Letters and Illuminated Signs that are installed in Minnesota and Wisconsin and elsewhere in the United States. “By purchasing Lakehead, we are expanding our presence in the sign industry and gaining access to Lakehead's design and production facilities, adding knowledgeable, innovative and creative employees to the Advanced Design family,” said Chris Mathews, Advanced Design's Owner and President.

The sale was handled by Crescenda Investment Banking Advisors, Minneapolis.

About Crescenda
Crescenda, LLC is an investment banking advisory and mergers & acquisitions intermediary specializing in the sale of privately held, family-owned companies.

For more information, please contact Jim Odney, Managing Director at (763) 545-1886 or at jim@crescenda.com.

Crescenda announces
the sale of Otter Tail subsidiary

Minneapolis, Minnesota – Crescenda Investment Banking Advisors announced that its client, Moorhead Electric, Inc. (MEI), was acquired by Parsons Electric, LLC. MEI is owned by Aevenia, Inc. a subsidiary of Otter Tail Corporation. The deal closed on October 20.

Moorhead Electrics' origins date back over 40 years to 1967 when the company was founded in Moorhead, Minnesota. Since then, MEI has grown into one of the largest and most highly respected electrical contracting companies in the Midwest. MEI has both a regional and national presence providing a full range of design-build, installation and support services for many blue chip clients including Archer Daniels Midland, Sanford Health, Anheuser Busch, Caterpillar and American Crystal Sugar.

Joel Moryn, President of Parsons said, "Turn-key design-build services for new construction and preventative maintenance for industry are the hallmark of both MEI and Parsons Electric, and since we have worked with MEI in western Minnesota and North Dakota, this was a natural acquisition." Moryn added, "MEI has a strong reputation as a leading electrical contractor in the Midwest and coupled with their strong commitment to providing cost-effective solutions and client services support, they will allow us to continue experiencing solid financial performance in 2013 and beyond.”

Founded in 1927, Parsons is one of the Nation’s premier electrical and technology service providers and was recently ranked as the 21st largest by revenue in the U.S. by Engineering News Record. They are an established leader in the construction services industry providing quality design, construction, service and maintenance to their customers.

Otter Tail Corporation is headquartered in Fargo, North Dakota. They own companies in the electric utility and infrastructure businesses, which include manufacturing, construction, and plastics. The company trades on the NASDAQ Global Select Market under the symbol OTTR and is dedicated to creating long-term value and growth for customers, shareholders, and employees by being among the country’s leading diversified organizations with a strong electric business as its foundation.

Since 1960, Poly Foam, Inc. has been one of the leading manufacturers of EPS and other foam products throughout the upper Midwest. They have supplied EPS for packaging, OEM parts, insulation applications, roofing and other construction products, Geofoam, flotation and more. Located just west of the Twin Cities, their facilities include 135,000 square feet of manufacturing and warehousing space located on 6.5 acres in Lester Prairie, Minnesota. The sale included the real estate.

According to Bruce Carruthers, PFB Chief Operating Officer, "Acquiring Poly Foam and adding an operation in the Twin Cities to our existing U.S. manufacturing operations in Ohio, Michigan and Idaho will broaden our product and service offering and enhance our ability to service and ship product to existing regional customers in the United States." Carruthers added, "This is very exciting for us as we continue our initiative to manufacture Plasti-Fab EPS Product Solutions in the U.S."

Bob Humboldt, owner and President of Poly Foam said, " After 41 great years at Poly Foam, filled with being able to work with wonderful people and having a great deal of fun, it was time to retire." Bob added, "I was able to find an excellent buyer that will continue the operation and give good opportunities to this exceptional group of employees. PFB is a strong company who is publicly traded with the resources to continue building on the success I was able to achieve."

Since 1968, Plasti-Fab has been providing its customers with expanded polystyrene (EPS) Product Solutions for constructing energy efficient buildings, floatation for marine construction, lightweight fill and compressible fill for Geotechnical construction projects, and component solutions for Original Equipment Manufacturers.

With over 45 years of industry experience, Plasti-Fab is committed to delivering customers its brand promise of “Quality, Service and Expertise”. Recognized as a leader in the North American EPS industry, Plasti-Fab provides technical expertise to assist customers in making the right product choice for their applications. It is committed to continuously developing new products and applications.

About PFB Corporation

PFB Corporation has two operating subsidiaries, Plasti-Fab Ltd. that operates in Canada and PFB America Corporation that operates in the United States. PFB develops, manufactures and markets insulation building products and technologies based on expanded polystyrene technology; that, when used as components of a building envelope, enable residential and commercial structures to be highly energy-efficient. They are also expert in engineered geotechnical applications of our products. PFB building products are used in both new and renovation markets in residential, commercial and industrial projects.

Crescenda announces
the sale of Princess Marble & Granite

For over 20 years, Princess Marble has been the leading fabricator of natural stone and quartz and manufacturer of cultured marble in Minnesota. Their vast selection, exceptional quality and unmatched customer service has led Princess Marble to become the best choice for homebuilders in the Twin Cities and surrounding area. The sale included real estate consisting of a 38,000 square building and over three acres of land located in Burnsville, Minnesota.

According to Bryan Tolles, a Partner with Oakland Standard, "Acquiring Princess Marble was a perfect fit for our investors. Our approach is to work with owners and management teams to build long-lasting businesses that are leaders in their industries and we are very excited about our partnership with Princess Marble."

Bill Jenkins, owner of Princess Marble said, "After twenty great years building my company, I feel as though I had gone as far as I could on my own. Oakland Standard will provide the growth capital to take us to the next level and provide resources to continue building on the success I was able to achieve." Bill added, "I was able to find an excellent buyer that will continue the operation and give great opportunities to my exceptional group of employees."

Princess Marble was established in 1996 with the mission of becoming the leading countertop company in Minnesota. That mission continues and is now enhanced with the investment by Oakland Standard. As the company continues to move forward and grow, it maintains its small business model of success that is highly focused on providing quality work and building strong, long-term customer relationships.

About Oakland Standard Co.

Oakland Standard Co. is a Michigan-based private investment firm focused on lower middle market industrial businesses that want more than just capital. The target situation is where an operational approach and strategic support creates value by building strong companies over a long-term horizon.

Princess Marble marks Oakland Standard’s first investment in the countertop supply and fabrication industry and is actively seeking to partner with other regional countertop businesses.

Crescenda announces
the sale of Roffe Container, Inc.

Minneapolis, Minnesota – Crescenda Investment Banking Advisors announced that its client, Roffe Container, Inc., a plastic container manufacturer located in Moorhead, Minnesota, was acquired by Consolidated Container Company (CCC).
CCC also signed a separate lease for a manufacturing site and will begin the installation and build-out of a multi-line production plant in Lakeville, Minnesota, just outside of Minneapolis - St. Paul.

Jeffrey Greene, President and Chief Executive Officer of CCC, said, “One of CCC’s unique competitive advantages is our nationwide manufacturing platform, and this acquisition expands that network into one of the few geographic areas where we do not have a presence. The addition of the Moorhead facility and the opening of a greenfield in the Minneapolis-Saint Paul area will enhance CCC’s ability to serve key regional and national customers in the dairy and industrial markets in the Upper Great Lakes and Northern Great Plains regions.”

Tom Janas, owner and president of Roffe Container, stated, “The timing of this transaction and Consolidated Container’s commitment to growing in the region aligned perfectly with our objectives. This is an exciting outcome for the employees and customers of Roffe Container.”

The acquisition closed on Friday, September 7 and CCC expects to complete the initial build-out of the Lakeville facility sometime next year.

Consolidated Container Company
Consolidated Container Company is a leading developer and manufacturer of rigid plastic packaging solutions in North America. Consolidated Container Company specializes in customized mid- and short-run packaging solutions, serving a diverse customer base in the dairy, large-format water, beverage, food, household chemical, automotive, and specialty chemical markets.

With 59 manufacturing facilities and 2,100 employees, CCC has an integrated, nationwide network of manufacturing and service locations to deliver reliable and cost-effective packaging solutions to meet the needs of a wide range of customers and markets. CCC provides standard and custom packaging solutions to its customers.

From its state-of-the art Panella Engineering and Development Center to its experienced manufacturing teams across its network, CCC delivers high performance, cost-effective design solutions to meet even the most challenging container applications.

Crescenda announces
the sale of SYNERGY 3311 TO COSTCO

Minneapolis, Minnesota – Crescenda Merger & Acquisition Advisors announced that its client, Synergy 3311 and its 175,000 square foot building in Northeast Minneapolis was acquired by Costco Wholesale Corp.

Washington-based Costco (Nasdaq: COST) paid $8.3 million to buy the former Immedia headquarters and manufacturing plant that will become the company’s first Business Center in Minnesota.

Costco already has eight Minnesota stores and another on the way (in Woodbury). The Minneapolis location will be a business supplier, according to the City of Minneapolis. Costco operates a dozen "Business Centers" nationwide, which are open to all members and have an expanded selection of business products. Business Centers elsewhere also deliver to customers.

Kevin Reich, the Minneapolis city council member whose district includes the new Costco Business Center, recently told the Star Tribune all the necessary zoning and regulatory hurdles have already been cleared and the Business Center could open within 18 months, creating a “couple hundred” new jobs.

The company offers a detailed explanation about their new Business Center format on their website but the concept is to sell businesses the supplies and equipment they need – and sometimes even the products they will re-sell.

The Star Tribune says Costco’s Business Centers specialize in serving offices, food service and convenience stores.

Tankenoff said a Costco in that area would serve small and medium businesses who want to buy in bulk. The company also pays a living wage, Tankenoff said. Costco recently announced it would raise its own minimum wage to $13 an hour. “This is a very good thing for the city and a very good thing for the neighborhood,” he said. According to Tankenoff, "Costco has been searching for a store in that part of the metro area for years and expects they will draw customers from St. Paul, St. Anthony, and Roseville, as well as Minneapolis."

Crescenda announces Sale of Hedahls to Automotive Parts Headquarters

Bismarck, North Dakota – Crescenda Merger & Acquisition Advisors announced today that Hedahls, Inc. was sold to Automotive Parts Headquarters, Inc. (APH), a third generation family-owned auto parts distributor and store group based in St. Cloud. Hedahls is a leading auto parts wholesaling company with 22 branch locations in four states. As a result of the deal, Hedahls’ 22 locations will be rebranded as Hedahls Auto Value and bring APH’s corporate store count to 121.

Hedahls Inc., owned and operated by third generation family members, has been in business since 1906. Headquartered in Bismarck, N.D., Hedahls’ network of 22 stores serve Minnesota, North Dakota, South Dakota and Montana. All stores, NEMAC Warehouse, BENCO Equipment Co. and all real estate are included in the deal.

Dick Hedahl, president of Hedahls stated, “As we looked at the future for Hedahls, we recognized APH as a natural fit to continue our growth. The APH team has a strong culture, and we share the same values and focus on taking care of customers and employees. Additionally, the APH team has the experience and resources available to provide great opportunities for our team and great solutions for our customers.”

“We are honored and delighted Dick has chosen to sell their business to APH to continue his family’s strong tradition of quality products, knowledgeable employees and superior service,” commented Corey Bartlett, president and CEO of APH. “We are also excited to enter a number of new markets and happy to be adding the Hedahls team to the APH family.”

About Automotive Parts Headquarters Inc.
Automotive Parts Headquarters Inc. is a third generation family-owned aftermarket auto parts distributor based in St. Cloud, Minn. APH was established in 1920 in Minneapolis, as National Bushing & Parts Company and today operates Auto Value stores throughout Minnesota, Wisconsin, North Dakota, South Dakota, Michigan and Montana.
APH is part of the Aftermarket Auto Parts Alliance, one of the largest auto parts distribution and marketing organizations in the world with more than 2,200 parts stores and 3,000 certified service centers across North America.
With its network of 121 corporate stores and 35 independent stores, APH is consistently ranked in Babcox Media’s Top 20 Super Stores ranking of aftermarket distributors. The company employs 1,000 employees.
Crescenda Merger & Acquisition Advisors acted as sell-side financial advisor to Hedahls in the transaction.

About Crescenda, LLC
Crescenda is a mergers and acquisitions intermediary and investment banking advisory firm focusing primarily on the sale of successful, privately-held companies.

Crescenda Announces Sale of Knight Printing to Image Printing

Bismarck, North Dakota – Crescenda Merger & Acquisition Advisors announced today that Image Printing, Inc. acquired the assets of Fargo, North Dakota based Knight Printing. Terms of the sale were not disclosed.
Founded in 1994, Image provides companies with a single-point solution for their complex brand-based marketing needs. Over two decades, Image has developed industry leading capabilities for design, printing and mailing services to businesses throughout the upper Midwest and a "customer first" service culture that has resulted in demonstrable advantages in quality, speed, flexibility, and all-in cost. The Company's suite of value-added services yields substantial efficiency gains at each phase of the value chain (design, production, and fulfillment) and helps position Image as a trusted and valued partner to its customers.
The sale will immediately enhance Knight’s North Dakota platform by expanding its existing production capacity. The company anticipates continuing its tradition of quality and service by adding new digital presses, variable data and other related capabilities already available in Fargo.
“Image Printing has enjoyed rapid growth since its inception in 1994 based on the strength of our management team and the talents of our staff,” said Image president and owner Todd Clausnitzer. “We believe the merger will allow both companies to benefit by added capacity, while still maintaining our focus on customer service.”
Image co-owner, Dave Nelson, said, "Knight Printing enjoys a great reputation and will immediately help to create incremental scale advantages. Its products and services match exactly with our core expertise and we expect a smooth integration. We look forward to bringing existing new benefits to Image and Knight Printing customers."

About Knight Printing
Since 1888, Knight Printing has been providing full-service print and related services. Founded almost 130 years ago, the company provides high end commercial printing with state-of-the-art color presses, direct mail services, print fulfillment, trans promotional print management, the area’s largest digital printing center, color services, and content and database management to customers in the healthcare, advertising, retail, technology, financial services and many other industries. From a small local shop to the largest businesses in the region, companies rely on Knight’s scale, scope and insight in both conventional and variable printing services and market-specific solutions.

About Image Printing
Image Printing is the area’s premier full-service provider of print, design and related services. Founded in 1994, the company provides solutions in commercial printing, direct mail, print fulfillment, labels, forms, print management and digital printing, color services, and content and database management. They have seven printing presses and specialize in six color processes with a Speckta random dot screens and offer a variety of substrates from high end to synthetics, as well as large variety of specialty coatings.